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REGISTERED NUMBER: 11239698 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ESTATE AGENCY SIGNS LTD

ESTATE AGENCY SIGNS LTD (REGISTERED NUMBER: 11239698)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ESTATE AGENCY SIGNS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J Poole
B Beardsworth





REGISTERED OFFICE: Grafton House
81 Chorley Old Road
Bolton
BL1 3AJ





REGISTERED NUMBER: 11239698 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

ESTATE AGENCY SIGNS LTD (REGISTERED NUMBER: 11239698)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 53,778 47,426
53,778 47,426

CURRENT ASSETS
Stocks 31,500 27,687
Debtors 6 82,442 65,920
Cash at bank 2,121 14,464
116,063 108,071
CREDITORS
Amounts falling due within one year 7 118,479 113,151
NET CURRENT LIABILITIES (2,416 ) (5,080 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,362

42,346

CREDITORS
Amounts falling due after more than one
year

8

(49,884

)

(32,542

)

PROVISIONS FOR LIABILITIES (10,218 ) (9,011 )
NET (LIABILITIES)/ASSETS (8,740 ) 793

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings (8,745 ) 788
(8,740 ) 793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ESTATE AGENCY SIGNS LTD (REGISTERED NUMBER: 11239698)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:





J Poole - Director


ESTATE AGENCY SIGNS LTD (REGISTERED NUMBER: 11239698)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Estate Agency Signs Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 10% on reducing balance
Office equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ESTATE AGENCY SIGNS LTD (REGISTERED NUMBER: 11239698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 1,000
AMORTISATION
At 1 April 2022
and 31 March 2023 1,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 8,995 84,693 3,430 97,118
Additions - 12,000 - 12,000
At 31 March 2023 8,995 96,693 3,430 109,118
DEPRECIATION
At 1 April 2022 5,241 41,401 3,050 49,692
Charge for year 939 4,329 380 5,648
At 31 March 2023 6,180 45,730 3,430 55,340
NET BOOK VALUE
At 31 March 2023 2,815 50,963 - 53,778
At 31 March 2022 3,754 43,292 380 47,426

ESTATE AGENCY SIGNS LTD (REGISTERED NUMBER: 11239698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,724 40,812
Other debtors 26,623 23,873
Directors current account 1,095 1,235
82,442 65,920

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,186 7,765
Hire purchase contracts 6,686 10,127
Trade creditors - 3,541
Tax 6,428 16,564
Social security and other taxes 7,943 26,115
Pension 5,820 398
VAT 33,006 31,741
Other creditors 38,412 16,900
Accrued expenses 1,998 -
118,479 113,151

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 1,839 6,632
Other loan account 40,300 -
Bank loans 7,745 25,910
49,884 32,542